2006-11-21 08:38:23 · 6 answers · asked by fairy_kisses02 1 in Business & Finance ➔ Renting & Real Estate
There is HUD and Habitat for Humanity...those are the only ones that I am aware of. Look on the web for some resources or programs that favor single mothers. Good luck!
2006-11-21 08:41:11 · answer #1 · answered by KrisJH24 2 · 0⤊ 0⤋
Buying a house is a great investment at anytime every year your house appreciates, which goes up in value, so you build equity into the house instead of paying rent to a landlord which you are paying for them to won the home. Are you a first time home buyer? There are many programs to look into that will pay for your down payment and closing cost, and lowr interest loans too. Also look for a home that needs minor repairs and you can negotiate the selling price, then have the minor repairs done and come out ahead. There is also state grant fund money that you can qualify for which is worth looking into to. The best thing to do is to find a experienced and knowledgeable real estate agent that can help and point you in the right direction. Also look into Ameri-dream and Nehemiah Programs which help pay for your down payment and closing cost. Best Wishes and Happy House Hunting!
2016-05-22 09:45:01 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Depends where you are trying to buy a house.
In California, there was a state program that helped me with the downpayment and also gave me below market 30 year fixed interest rates.
My county also offered some assistance, as well as the city.
You should contact a good mortgage broker and let them see what they can do for you. My mortgage broker found the state programs that I ended up using.
2006-11-21 08:46:40 · answer #3 · answered by Uncle Pennybags 7 · 1⤊ 0⤋
You need to find a Realtor who is willing to work with you - ...harder than normal client, smaller than normal commission... and a loan officer who has access to some low income programs.
One of the best loan programs I ever saw someone get was through Acorn. (I think that's what it was called). Part of the sales price was lent at regular interest rate and 30 yrs fixed, part was lent at zero% for 10 years and part was forgiven if the buyer stayed in the house for 10 years. She bought about a $70,000 house with a payment of about a $55,000 house. And it was brand new!
Whenever a far right-wing, Christian, ultra conservative, capitalist pig (that's ME) sees a situation like yours, don't think we're just going to be judgmental. Also, don't think we want to give all our money away. I personally would like for you and your kids to grow up in a house that you call "my HOME", because that kind of stability will result in your kids NOT being in the same boat you're in. Now that will help the economy, the country, and ultimately...me!
2006-11-21 15:41:13 · answer #4 · answered by teran_realtor 7 · 0⤊ 0⤋
Fannie Mae is a federal program based on income. They have helped alot of single mom's buy 1st home.
2006-11-21 08:48:58 · answer #5 · answered by Dotr 5 · 0⤊ 0⤋
Thanks you Melissa What does being a single mother have to do with any thing??
Do you want me to pay for you mistakes? or poor choice of a farther to your kid? I just do not get it any more why being a signal mother should get some one a freebie or my tax money or what ever heck you have free legal service with the county.
I getting tired of clean up other guys messes or the women who let them make the mess.
2006-11-21 11:38:02 · answer #6 · answered by Anonymous · 0⤊ 3⤋